Evening Star Newspaper, April 10, 1932, Page 2

LINDBERGH GVES KIDNAPERS $5000 Criminals Fail to Carry Out Mreemem to Return Col- 5 onel's Stolen Baby. (Continued From Pirst Page) | New Jersey State police have stead- y reiterated that the baby has not located nor returned. B heir position, however, for weeks di ee) o rate and independent of the nel's own efforts and that they, efore, could hot speak for him. Search Widespread. The police investigation of the case wa8 being pursued today from Mon treal, where Michigan officers conduct- ed '® futile search for a suspect to England, where the movements of & New Jersey official were cloaked in secrecy. No word of developments came from Col. Schwarzkopf nor Was any an- nouncement made during the day by the Norfolk intermediaries Harry Fleischer. member of the De- troit Purple. Gang, who has been de- scribed by Schwarzkopf as & “known kidnaper” and as a suspect in the Lindbergh case, was the man being sought in Canada L. Hutson and William Watkine, mem- bers of the Michigan State police, were reported to have trailed him from a Toronto hotel to Montreal, but they left the latter city without him late today, Montreal police said they believed Fieischer had been there within the last few days but had left. Hideout Believed Found. The Michigan troopers went back with the conviction, it was reported, that they, had discovered one of Fleischer's hideouts and hoped to learn more of his movements, “We are positive the baby is not in Montreal,” Hutson said before leaving Montreal. “The reason we are here is to locate Fleischer, because we believe we have some very valuable informa- tign which we are almost sure will lead tosthe discovery of the kidnaped child. TWo women seen with Fleischer in Tqronto, we believe, are go-betweens for Flgischer.” e said he had learned Fleischer miintains a hideout in Montreal to escape the scrutiny of Michigan police. “When our men arrived in Toronto,” he continued. “they were informed Flpischer had outwitted the police there and disappeared. Last Wednes- day in Toronto we succeeded in picking u;’nu trail. This morning our quarry hgd succeeded in eluding us. Just| where Fleischer and the two women went we do not know. We hope to get further information when we reach Michigan.” Leaves for Continent. Prom London came word that Maj. Charles A. Schoeffel of the New Jersey State police left for “somewhere on the cohtinent” during the day. Even Scot- land Yard said they did not know where 7€ hat gone e had been abroad for nearly & week working on the kidnaping c age. Bchwarzkop! denled his department had authorized the insertion of a code message in the personal column of a Seattle newspaper. The message read: *To May—King street ends at 96. Wire correction. Signed June." The order for its publication came from the Seattle police headquarters and it was paid for by the chief of detéctives. From sources in Seattle considered reliable it hadi the ad- AL Tl‘ln ‘connection with the Lindbergh kidnaping and had been ordered by officials in New Jersey. AMAZED BY FAILURE. been that the police search being | ted from the Lindbergh garage Is | | SENATOR ARTHUR H. VANDENBERG. VANDENBERG TALKS FOR RADIO FORUM Proposed Department Reor- ganization to Be Subject of Michigan Senator. Reorganization of the departments and independent establishments of the Government, a subject that has Joomed prominently during the past few weeks in connection with efforts to balance the budget, will be explained to the Na- tion by Senator Arthur H. Vandenberg, Republican, of Michigan, speaking in the National Radio Forum at 10 o'clock tomorrow night. The Radio Forum is arranged by The Evening Star and car- ried on a Nation-wide network of the National Broadcasting System. In a special message to Congress on April 4 on the necessity for the utmost economy in Federal expenditures, Presi- dent Hoover mentioned this subject of consolidation of Government bureaus as one of the steps to be considered in ac- complishing retrenchment. Subject Deeply Studied. Senator Vandenberg has devoted deep study throughout this session of Con- gress to the question of possible eco- nomies that would result from co- ordination of many governmental ac- tivities by transfers and consolidation. Several times recently he has advocated attaching to appropriation bills some provision which would give the Presi- dent general authority to accomplish such co-ordination, along the line of the George resolution pending in the Senate. While such provisions have not been placed in the appropriation bills, the subject of reorganization is one of the questions placed on the program of the Republican Steering Committee of the Senate for consideration during the present session. Meanwhile Senator Jones, Republican, of Washington, chairman of the Appr priations Committee, has introduced a joint resolution for the creation of a joint commission composed of three Representatives, three Senators and three members to be appointed by the President to study the Government de- partments and independent establish- ments, looking to co-ordination and economical administratic . Interest Is Added. ‘This is in accordance with a sugges- tion contained in the recent message of the President, and the resolution would . Two Norfolk For Lindbergh ' Baby lssue Joinf Statement. NORFOLK, Va, April 9 (#).—John Hughies Curtis and the Very Rev. Dean H, Dohw{n-;ucocrl stated tonight the reported failure of kidnapers to restore the Lindbergh baby for $50,000 ransom Vas 45 regrettable as it was amazing WaS o two negotiators said that Mr. Curtis would leave tomorrow morning for a conference with Col. Lindbergh, with whom Mr. Curtis talked over long distance telephone tonight. The two intermediaries in the absence of their ‘assoeiate, Rear Admiral Guy H. Bur- rage, U. S. N, retired, issued a written statement. ‘The negotiators said the transaction involving the ransom had no relation whatever to their negotiations. statement follows: *This development is as regrettable 85 amazing to us. The transaction had no relation whatever to our negotia- tions. We still have faith in the parties with whom we have been dealing and probably will continue our efforts with them, although it is quite obvious how much this development will add to the difficulty of bringing the negotiations to a successful consummation. We had intended to resume our work immedi- ately and press it as rapidly as possible toward a conclusion. “‘Our method of procedure now will require the most careful consideration. Mr. Curtis talked with Col. Lindbergh over the telephone as soon as this in- foarmetion was given him tonight and | ‘will leave tomorrow morning for a con- ference.” . ADS REVEAL FAILURE. “Jafsie” Sought “Better Directions” in | _ Negoliations Through Newspapers. 3Col. Charles A Lindbergh main- tgined communication with the kid- nepers of his son through a series of vertisements, signed “Jafsie,” pub- 1 in the personal columns of New York newspapers “Jafsie,” The Star learned some- time ago, was a code word designated by the kidnapers as a means of identi- ation. The ads, 13 of which ap- Peared after the kidnaping, were in- s by representatives of Lindbergh. “Jafsie,” the ads showed, was trying th get in touch with some one to whom ished to deliver money. The tenor he advertisements seemed to indi- that he was making progress. 2 ks’ ran an advertisement which appeared March 25. “That little pwme you sent was ‘mmediately de- ljvered and accepted as real article. See my position. Over 50 years in Businéss and can I pay without seeing goods? Common sense makes me trust ¥ou. . Please understand my position.” . That advertisement appeared for threé days and then, on March 27, & new one was inserted " it ran. “Purnish s to use in paper.” That was published for four succes- give days and then the simple an- nee; “I accept. Money is 3 It 'was followed April 2 by this, “Yes, verything O. K.” which was repeated @n_the three successive days | The _following day, last Wednesday, e fhis advertisement, signed like ali othiers, “Jafsie,” “Whas is wrong? ve Bypu crossed me? Plemse better s." of OMEN AND CHILD KILLED ALPINE, N. J, April 9 (P —A grandmother, her ' dsughter and her nddaughter were killed today when {r, * automobile plunfotg off the alisgdes and dropped feet to & victims were identified as Mrs. require the submission of recommenda- tions within 30 days from its e. All of these developments have added timely interest to the general subject of reorganization which Senator Vanden- berg will discuss. PHYSICIAN BELIEVED KIDNAPED IS SOUGHT Widespread Search Is Begun for North Chicago Doctor Lured From Home. By the Associated Press. NORTH CHICAGO, TI, April 9— A widespread search was under way tonight for Dr. A. E. Budde. city phy- sician of this North Shore Chicago suburb, who supposedly was kidnaped after being lured from his home early this morning by & telephone call for his_services. Detectives had only three guide them: The physician’s black clues to to the scene of the supposed accident several hours after he had been sum- moned. _ A note he left on a table informing his wife he had been called to treat several persons hurt in an accident and might have to go to a hospital The statement of Mrs. Budde that she heard the telephone bell ring be- tween 2 and 3 o'clock this morning and her husband answer it State’s Attorney A. V. Smith, North | Chicago police, the Lake County sheriff and police of surrounding cities and countles were solicited for help in the investigation. Each sald tonight no word from the supposed kidnapers of Dr. Budde had been received. Mrs. Budde was near coliapse, but a friend of the family said she had received no word from him all day. Doubt of Loyalty Gives Japanese in Hawaii “a Pain” Answering Stirling, Legis- lator Says He Would Fight for U. S. Gladl By the Associated Pre HONOLULU, April 9 —Representa- tive Andy M. Yamashiro, Japanese member of the Hawailan Legislature, said today that Rear Admiral Yates | Stirling’s doubts of loyalty to America of Orientals in Hawali, “Gives me a pain in my neck “Weéswho were born here are proud of our American citizenship and cannot imagine any other country as our own,” said Yamashiro. “If there should be war with Japan, I know I shall have to shoulder arms for the United States, and I shall gladly do it “Prankly speaking, Admiral Stirling’s statements gives me a pain ig my neck.” In his recent statement which aroused Yamashiro's ire, the commander of the American naval forces in Hawali said “The large number of aliens in the Hawaiian Islands is & matter of grave concern to our National Government, and years of study by civilian, military d N authorities of the probable attitude certain island-born Orientals way below. Anrle Blache, 60; Mrs. Marguerite Hartwell, 35, and Suzanne Hartwell, 8, 8ll of Englewood. : Pglice theorized Mrs. Hartwell, who confused on & road. cflchm has led to the conclusion that but doubtful reliance can be placed upon thelr loyalty to the United States in event of war with an Oriental power." Of a total Hawalian population 868,336, .umnqmunher 139,631, er. of leather bag | containing his instruments, found close | THE SUNDAY BY PARIS SCOUTED France Woud Be Loser if U. S. Went Off Gold Standard, Say Officials Here. BY CONSTANTINE BROWN. Responsible American officials dis- counted last night the rumors that the French government or some important French industrial or financial concern was behind the new raid on the dollar, “There can be no truth in those rumors,” it was authdritatively stated, “because governments or big corpora- tions never act sentimentally and France has much more to lose than to gain, if America were forced off the gold standard.” The rumor that the French govern- ment might be behind & new raid to shake the confidence of the European countries in the stability of the Amer- ican currency had gained credence with the publication by a Parisian newspaper of a story allegedly emanating from New York that one of the internationally important American banks had gone into bankruptcy. This story, carried only by one irre- sponsible French newspaper, created a sensation in Paris and caused a drop in American securities The American embassy in Paris immediately pro- tested at the French foreign office, al- though at the State Department it was said no official action was contem- plated from this side; in fact, the State Department was unaware that such & protest had been lodged with the Quay d’ Orsay; until Saturday noon, the Act- ing Secretary of State had received no official communication from Paris. The French government, it was stated last night in Washington, has nothing to gain by any financial diffi- culty of the United States. On the contrary, it has to lose a good deal if :r::e'riu was forced off the gold stand- Sum Lost in Britain, When the British Government was compelled to suspend the gold standard last Fall, the Banque de France is said to have been unaware of the British in- tentions and is reported to have lost a substantial amount of money in Great Britain. This is unlikely to happen if America follows Britain's footstep, be- cause the French National Bank is watching eagerly the gituation in Amer- ica and since last July the French gold reserves and short-term papers in this country have been reduced from $1,250,- 000,000 to about $400,000,000. These withdrawals, it is explained, are not due to any intention of the French to em- barras; the Treasury; in fact it cannot do so, because the amount s too small to actually worry the United States. But the French government feels that in these politically and economically uncertain days it is wiser to keep its precious gold at home rather than abroad. Furthermore, the Prench com- mitments in Europe are of such a na- ture that France must have at a mo- ment’s notice all the gold she may need at any time. But the French government while striving to obtain a permanent political and financial supremacy in Europe, does not view with favor even the pos- sibility of America going off the gold standard and consequently will never agree to become a party w any cam- paign to precipitate sucn an action on the part of the United States. The principal reason for this is that France realizes full well that if America’s financial power was impaired her eco- nomic and financial stability would be much more jeopardized than that of America. Her financial policy since the Laval visit to Washingion, it is said, has been not to embarrass this coun- try by any precipitated gold with- drawals. Consequently it is inconceiv- able that the French government could in any way support or encourage any | drive against the dollar in Paris or elsewhere. ‘Would Hit French Industry. ‘The big French industrfal’ organi- zations, such as the powerful Steel Trust, are still more anxious to keep the dol- lar at its present level. If the Ameri- can Government decided to gold standard the Prench industry will suffer heavily. With the present high price of the dollar the American indus- trialists find it very difficult to compete with the European manufacturers. But if the American currency were depreci- ated, many American products which have been driven off the European mar- kets by high tariffs and the high value of the dollar would again seriously compete with similar European prod- ucts in spite of the tariff barriers. This has happened In the case of Great Britain. Almost overnight the French, the German and the American manu- facturers found themselves confronted with a new competitor who, they had hoped in the last few years, had been disposed of. The only plausible explanation offered in Washington as to why certain French newspapers have begun a drive against the dollar is that these papers are serv- ing the interests of a few unscrupulous | speculators in Paris who are trying to | fish in troubled waters and make money out of the uncertain situation caused by the world depression The system of using sensational news- papers for stock exchange speculations is easier in France than in Great Britain or in the United States, because the French libe! laws are much more lax than the laws in the English-speak- ing countries Called “Cabbage Leaves.” There always have been in Prance a number of ~ sensational newspapers, called in French slang “cabbage leaves, which have specialized in serving cer- tain unscrupulous interests. They are not afraid of the libel laws because the fines imposed by the French courts in certain serious cases, when these laws can be invoked, are nominal and the worst that can happen to the editor of | such a paper is to go to jail; and that is sometimes worth while when the profits derived from the spreading of sensational news to justify a holiday of a few months in a French prison. The fine is never suf- ficiently high to prevent the further publication of the paper. It is believed in responsible quarters in Washington that the news that America is going off the gold standard and the publication of the story that a leading American bank had closed its doors has originated in certain speculators’ quarters in Paris. The news was out and the speculators were able to reap a substantfal narvest from the depreciation of the American stocks before the story was officially denied. In the present state of high tension which exists in most capitals any bad | news is easily believed and the nervous investors are always ready to dump their stocks and take their Joss. This is said to be the reason for the re- peated attacks on the dollar. MANILA JUSTICE QUITS E. Finley Johnson in Il1 Health; Sails for U. 8. MANILA, April 9 (#).—E. Pinley Johnson, ranking justice of the Philip- pine Supreme Court, announced his resignation due to ill health as he safled today for the United States. He had been on the bench here 31 years. Justice Norberto Romuaidez resigned last month dnd Justice Charles A. Johns died a few months ago while on a visit home, so the Court is three members under a quorum of nine. Three nominations by President '’ Hoover to the Philippine supreme bench in the United BStates A are pending Senate. 0 off the! e sufficiently large | STAR, RIVEONDOLLAR . |PRESIDENT BACKS | STOCK INQUIRY | Whitney Appears Tomorrow in Answer to Summons of Committtee. (Continued From First Page) situation was communicated to the committee and action demanded. The name of George Barr Baker as one of those who had communicated with Senators, telling of the threatened bear attack on the market, was used by Senators telling about the situation yesterday. President Whitney of the Stock Ex- change notified the committee that he would be on hand to testify tomorrow. | The demand for his presence before the committee was coupled with a demand for many records of the Exchange and its members, setting forth the names and amounts of the individuals and concerns who dfe and have been “short” on the market. Senators were influenced in their ac- tion for an immediate inquiry into the stock market not along by the report of short trading activifles by American operators, but by the reports of coming efforts in foreign countries, particularly France, to force the dollar down and if possible to force the United States off the gold standard. If the bear raid on the market, as reported to the Senators, was to be sprung yesterday, it falled to mate- rialize. Whether the threatened inves- tigation by the Senate was effective in halting the raid was & question which the members of the committee were asking themselves last night. U. S. Abandons Delay. It appears, however, that after dilly- dallying for weeks with the matter of & stock market investigation, the Gov- ernment—in this case acting through the Senate—has determined to go ahead without further delay. The Gov- ernment is represented as firm in its position that bear raids, from whatever source, are to be exposed and halted if possible. This course is to be followed in the interest of recovery of business. The Senate Banking and Currency Committee announced that John L. Hall of the firm of Choate, Hall & Stewart of Beston, had been selected to act as counsel for the committee in king the investigation of the stock market. Witnesses to be summoned after Mr: ‘Whitney has been questioned by the committee will be selected by the com- mittee next week, it was said. ‘While the Senate Banking and Cur- rency Committee was preparing, through its investigation of the Stock Exchange. to protect the American dollar and American industry, the Senate Finance Committee was making ready for its hearings tomorrow on the revenue bill designed to balance the Government’s budget and to maintain the Govern- ment's credit, Both Chairman Smoot of the Finance Committee and Senator Pat Harrison of Mississippi, ranking Democratic member of the committee, said last night they were convinced the Senate was overwhelmingly in favor of the pas- sage of a tax bill calculated to balance the budget. Neither was prepared to say, however. just what form the bill will take in the end. The committee has before it the House bill as a basis for its consideration. Many amendments it has already been indicated, will be of- fered. These amendments will go first to the Finance Committee for consider- ation. If the committee does not act on the amendments offered by indi- vidual Senators, they may be offered from the floor when the bill is reported out. Sales Tax Opposed. ‘The committee itself, however, may amend the bill in any respect it desires before reporting it. Senator Smoot was unequivocal in his assertion last night that a manufacturers’ sales tax would not and could not be written into the revenue bill. In this he was supported by Senator Harrison. It was admitted that efforts to have such a tax adopted in place of many of the specific sales taxes—called excise taxes in the House —would be made. But the Senators in- sisted these efforts would fail. Neither Senator Smoot nor Senator Harrison believed, they said, that there was any prospect of adding to the bill more so-called “tariff” amendments, such as the tax on imported coal and oil included in the bill during its con- sideration in the House. Senators from copper and lumber producing States have announced they will seek to have amendments adopted placing taxes on imported copper and lumber products, including wood pulp and shingles, Whether the oil and coal taxes on imports will be stricken from the bill during its consideration in the Senate is problematical, it was said. One of the big fights over the bill will come in the consideration of amerdments proposing to increase still further the surtaxes on incomes and taxes on inheritances and gifts. D. C. POLICE ‘VIOLENCE' IN PARADE IS HIT Civil Liberties Union Also Con-| demns Action in Chicago Demonstration. By the Associated Press. NEW YORK, April §—Condemnation of “renewed police violence” in break- ing up street demonstrations and pa- i 1ades for which permits have been re- fused was voiced today by the American Civil Liberties Union. The union particularly condemned “the recent action of Chicago police in breaking up by violence” a demonstra- tion in front of the Japanese consul- general's office in that city and the ac- tion of District of Columbia officers in breaking up a demonstration in front of the Japanese embassy. Both gatherings ~were in protest against Japanese activity in China. The union said both were “entirely peaceful until attacked by police.” In Chicago one man in the crowd fired a shot. ‘The union said it had investigated and found he was not connected in any way with the demonstrators. In letters to local committees throughout the country, the union urged | them to ask demonstrators to seek per- mits and to urge police not to use tear gas or clubs on such crowds. ONE KILLED, 3 WOUNDED IN HOLD-UP GUN BATTLE | By the Associated Press. NEW YORK, April 9.—One man was killed and three were seriously wounded when a trio of robbers attempted today to hold up a place described by the police as & bookmaking and lottery establish- ment in Elizabeth street. The dead man, one of the invaders, was believed by police to have been shot by one of his companions in the wild crossfire that studded the walls of the place with bullet holes. He was Nicholas Annunziato, 24. ‘The hold-up men walked in and or- dered five men to line up against the wall. The robbers started to search their victims when one of them, Dominick Tromola, 25, suddenly seized a revolver and pointed at him. ‘The shootin, bers made a for the door. An nunziato fell dead in the hallway, a bullet through his head, and three of T Ry e R £ Anthony 0 3 29, and Vito Ginhanto, 217, WASHINGTON, D., C. 10 1932—PART ONE These battalions of Nazi storm troops figure prominently in Germany's boiling political brew. Hitler, National Socialist chief, is shown waving his familiar salute over the heads of his brown-uniformed followers SUMMONS JoLTS BEAR' TRADERS Flurry to Cover Short Con- tracts Follows News of Senate Inquiry. (Continued From First Page) dajly until further notice, starting with yesterday's transactions. Since Janu- ary, brokers had been reporting only the net changes in short accounts from day to day. Other information requested includ- ed copies of all messages sent over brokerage wires yesterday. While offi- cials of the exchange declined to com- ment on this order, considerable signifi- cance was seen in it, in connection with Washington reports of rumors that a for today. ‘While brokers were inclined to scoff | at the bear raid report, it was pointed out that the brokerage wire messages would show if anything had been going on in the way of irresponsible rumor- mongering. Wall Street has grown touchy on the subject of rumors since a fallacious report of an American bank suspension was published in Paris this week, coincident with bear selling of !kheudolhr in the foreign exchange mar- ets. Probe Nicely Timed. ‘The announcement of the Washing- ton investigation was nicely timed, if Senators were hopeful of bringing an interruption to the shrinkage of sec ity values, for it co-incided with publica- tion of a bullish Winter wheat crop re- port, bringing a brisk rise in the Chicago pit, and came at a time when Wall Street was anxiously waiting for some unex- pected break in the news to bring a turn. In view of the very duration of the decline—the market had registered new lows for eight successive sessions— Wall Street was beginning to feel that a turn would have to come soon. Despite the short covering at the opening of the market, veteran bears were said in brokerage circles to have left substantial short lines out, on the theory that there had been no sign of Spring business improvement, and that uncertainties of Federal taxation and balancing the budget still impose an adverse economic factor. Wall Street has not generally been inclined to lay much of the recent sharp decline in the market to the bears. Extensive selling of preferred stocks and bonds, which are not popular ve- hicles for short selling, has been re- garded as evidence of discouraged | liquidation by investors. It was ac- knowledged in some quarters, however, that rumor-mongering may have been a factor in the investor selling. which | in turn has increased bear profits. Stocks Rally at Opening. The stock market's opening provided | one of those rallies that are typical of a brisk covering movement. United States Steel advanced $2.62 to $36.25 on the Initial sale, reacted to $34.37 and closed at $34.75, up $1.12| net. American Telephone, which touched | $105 a share on Friday, sold at $110, or $3.75 higher, on the first transaction, | involving 5,000 shares. It later dipped | to $107.62, but came back to $108, the | net gain being $1.75. American Can | made & high of $5350 for an extreme rise of about $3 and closed $1.87 to the | good. Santa Fe Rallroad’s advance of | $3.75 to $55.75 was cut to 50 cents. The shares closed at $52.50. Auburn Automobile, nearly $5 higher at the best, held $1.87 of its advance. Coca-Cola, Consolidated Gas, East- man, donal Biscuit, New York Cen- tral, Canadian Pacific and Case were up a dollar or more on the day. West- inghouse, which opened with a 5,000- share block at $24.75, or nearly $3 higher, fell back to $23.87, a gain of | $1.75. General Motors was sluggish, | but the preferred gained $3. The rally on the curb market was milder, but most stocks which had recently been selling targets shows recoveries. Electric Bond & Share im- proved nearly $1 net. Commonwealth Edison, an Insull issue, rose $2.25, then surrendered all but 50 cents of its rise. Cities Service, which yesterday £old down to $3.50, closed today at $4.50, up 75 cents. Bonds Gain in Value, In spite of the somewhat severe de- clines in the prices of corporate bonds In the past several weeks, the stock exchange reported that during March the 1,951 listed issues actually showed & gain in market value of $447,299,670 The increased values, however, are | explained largely by the upturn in | United States and foreign government | loans. On March 1 the value of United States Federal issues totaled $13912- 050,864, compared with a valuation on | April 1 of $14,899.967,031, a gain for this group during the month of $987,- 916,167. | On the other hand, the market value of utility bonds decreased from $3.- 093,553,660 to $3,083,617.461 during the month; the industrials from $2,218.- 023,659 to $2,059,630.474, and the ra roads from $7,148,363446 to $6,661,- 549,203. Forelgn government loans increased from $10,669,862,850 to $11,632,644,292. Bonds of fore! companies declined from $1,358,519,227 to $1,208,548,124. The average price of all bonds, per fo 81015, "Histca Bonds sesresnte $95. .12, t n ate $52,- 276,599,021 par value. b 5 Buster Keaton Slightly IIL. BEVERLY HILLS, Calif., April 9 (P). —Buster Keaton, motion picture come- dian, has been confined to minbed for powerful bear raid had been plnnned' Strength Shown Corporations by Over 1921 Assets |Liquid Position of 468 Companies Is Twice as Good as 10 Years Ago. By the Associated Press. NEW YORK, April 9. —Notwithstand- ing the~overcast industrial skies, the - | liquid position of 468 corporations at the end of 1931, as reported by Emst & Ernst, accountants, was more than twice as strong as at the close of the | | depression year of 1921. The com- parable summaries of all 468 companies | were given as follows: Ratio of current assets (less inven- tories) to current liabilities, at the end of 1931, was 3.82 to 1, compared with | 1.87 to 1 at the close of 1921. of net working capital at the end of 1931, as against 68 per cent at the close of 1921, Current Assets Higher. Current assets of 1931 were $7,794,- 649,594, compared with $6,684,728,185 in 1921, an increase of $1,109,921,409. Current liabilities for 1931 were $1,141,- 318,445, against $1,814,873,903 in 1921, a decrease of $673,555,458. Inventories totaled $3,291,536,709 in 1921, compared with $3,433,641468 in 1831, an increase of $142,104,669. Cash and securities totaled $1,521,- 976,419 in 1921 and $2,622,111,114 the end of 1931, an increase of $1,100,- 134,695, | Dividend payments, at the same time, were relatively larger in 1931 than in | the previous depression year. Monthly Payments Up. The average monthly payments (ex- clusive of rallways) for 1931 were esti- | mated at $226,000,000, an increase of 19.09 per cent over $207175,000 average | payments for 1929, whereas the monthly average for 1921 totaled $45,200,000, a decrease of 9.85 per cent from the $50,- 140,000 monthly average for 1920, ‘The ratio of current assets (less in- | ventories) to current liabilities at the end of 1920 was 134 to 1, at the close of 1921 1.87 to 1, at the close of 1929 269 to 1 and at the close of 1931 382to0 1. SIX BANKS RECOVER IN WAGGONER FRAUD Judgment for $500,000 Is Award- ed on Claims of Telluride Swindle. By the Associated Press DENVER, Colo., April 9.—Judgment for $500,000 alleged to have been ob- tained by fraud from six New York banks by Charles Delos Waggoner, former Telluride bank president, was awarded the banks here today United States District Court. Claims of State Bank Examiner Grant McFerson, who hoped to ob- tain part of the money for Waggoner's bank, now defunct, were denied by Judge J. Foster Symes. Henry C. Vidal, attorney for the New York banks, filed an agreed statement of facts of the Waggoner swindle. The money is to be dis- tributed in proportion to the amounts Waggoner is said to have obtained. The banks are the National City Bank, the First National Bank, the Harriman National Bank & Trust Co., the Chemical Bank & Trust Co., the Guaranty Trust Co. and Theophilus De Mott. WAIKIKI SURE DRAWS DARROW FROM CARES | Famous Attorney in Hawaiian Case Dons One-Piece Bathing Suit Despite 75 Years. By the Assoeiated Press, HONOLULU, April 9.—Temporarily forgetting his 75 years and the Fortes- cue trial, Clarence Darrow climbed into a one-piece bathing suit today, went to Waikiki and met the beach boys. Curiously, the brown fellows who ride the surf boards at a speed of 30 miles an hour came forward to meet the man who is defending four persons of his race who are accused of killing one of their own. They seemed to like him. Darrow shook hands all around. chat- ted a few minutes and then climbed into an outrigged canoe with Duke Kahanamoku, world-famous Olympic swimmer. They went out beyond the reef, where the surf leaps highest, and came tearing back on the crest of a ve. TORRENT NEAR HOMES ‘Wisconsin Village Crest From Blasted Ice Jam. ASHLAND, Wis.,, April 9 (®).—Resi- dents of Odanah, Indian e near Menaced by village here, were threatened tonight by an |ride through the surf with Sam avalanche of water moving down the basin of the White River. ‘The water was released when a huge ice jam several miles above the vil- lage was blasted to prevent further inundation of upland farms. estimated the crest of the flood waters would reach Odanah about 5 a.m. ‘There bout 50 families lving Inventories represented 52 per cent| It was | King William County Circuit Court! Bradsl Hitlerites Rally for Presidential Election STORM TROOPS FIGURE IN POLITICAL FIGHT. Their leader, Adolph —A. P. Photo. TROOPS SEES) INCHILEAN CRISIS Group Identified With Ex- President Ibanez to Be Questioned. By the Associated Press. SANTIAGO, Chile, April 9.—Fifty persons had been arrested tonight on suspicion of subversive activities against the government of President Juan Este- ban Montero and held for questioning under martial law imposed in Chile’s latest political crisis. A judge was assigned today to in- quire into the activities of a group identified with former President Carlos | Ibanez, particularly activity of Carlos Davila, former Ambassador to the United States, to determine whether charges should be filed against the members with a military court. Run Believed Cleared. It appeared tonight that the run on the Central Bank of Chile last Thurs- day, in which hundreds scught to ex- change paper money for suver, was caused by political maneuvering among the government's opposition. Senor Davila is an opposition leader. The public alarm over the stability of Chile's money was attributed in some quarters to such “political maneuver- ing." Confidence appeared to have been | restored today and speculation in the peso, which has depreciated recently, was rapidly falling off. Members of the Democratic party ‘-nnnuneed that Gaspar Mora, minister | of land in the new cabinet formed after |the bank run had brought about a crisis, had been expelled from the party for participating in the cabinet. Demonstration Is Staged. Extremist students and “Communists made a demonstration tonight in front of the State University, which had been closed on account of dalay in opening! the Fall term. They were joined by & | senator, Nunez Morgado, in asking that the state of siege be lifted. A Dby-election in the northern provinces tomorrow was expected to result in the return of former President | Arturo Alessandri to the Senate. Ales- |sandri, who was defeated by Montero |in the presidential election last Octo- | ber, has not yet agreed to sit in the Senate, if elected. 'ECUADOR CRUSHES i NAVAL MUTINEERS | Rebels Driven From Punta Piedra. ‘ Sea Engagement Believed Imminent. By the Associated Press. | GUAYAQUIL, Ecuador, April 9.— | Government forces today drove navy | mutineers out of the fort at Punta | Piedra, and late this afternoon a min- iature naval battle, involving & couple of gunboats on one side and a small coasting vessel on the other, appeared imminent off the Island of Puna, in the Gulf of Guayaquil. The rebels had the advantage so far as the naval action was concerned. They were in possession of the gun- boats Tarqui and Cotopaxi, the ships which comprise the Ecuadorian navy, | and all the government forces had was the little motorship Colon. Loyal troops defeated the rebels at Punta Piedra, which was seized two days ago, at the same time that the two gunboats were taken over by a smart maneuver. Pifty marines opened rifle fire on the fort, putting up a demonstration that occupied the attention of the defend- ers. Meanwhile a hundred men were | landed from a ship in the river, and | after proceeding through a swamp be- low the fort, attacked the garrison from | the rear. . Casualties were reported to ihlve been light 'HAWAIl WILL RELY ON LOCAL ALIENISTS IN FORTESCUE CASE (Continued ) ling of the trial, but defense attorneys refused to say whether they would be called upon. Attorneys said that with orders by Circuit Judge Charles S. Davis requir- ing the jury to be locked up whem court is not in session, they would make every effort to conduct the trial as fast as was consistent with adequate presentation. Out of respect for the age of Clarence Darrow, veteran Chicago attorney head- ing the defense, court sessions are being confined to three hours each morning. The jury thus will be idle and under restraint during the afternoons. Darrow forgot the case today and spent an hour in the museum viewing imens relating to his interest in an- logy. He also planned a visit to GERMAN RUN-OFF CAMPAIGN CLOSES Slight Chance Given Hitler to Win Presidency in German Vote Today. By the Associated Pre: BERLIN, April 9—The bitter presi- dential campaign came to an end to- night, leaving the millions or supporters of President Paul von Hipdenburg con- fident he will win in tomorrow's voting. ‘The optimism of the government forces was duplicated by the National Socialist disciples of Adolf Hitler, who insisted vociferously that their Fascist leader would corral at least 15,000,000 votes—probably enough to sweep him into power. Political commentators generally agreed the one chance of a Nazi victory rested in the possible failure of the Von Hindenburg supporters to turn out in the way they did on the occasion of the indecisive election March 13, when the 84-year-old fleld marshal piled up 18,654,690 votes, less than 175,000 short of the required majority. In tomor- row's run-off & plurality suffices. Bruening Works Hard. Aware of the danger or over-confi- dence, Chancellor Heinrich Bruening, chief of the Von Hindenourg leaders, has covered more ground during the campaign than any chancellor before him. Everywhere he urged the voters to crown the field marsnal’s career by giving him an overwhelming expression of confidence. The President refrained from ad- dressing the nation during the run-off campaign that has been in progress since last Sunday noon. Tonight the chancellor acted as his spokesman in & final appeal at Koenigsberg, which was broadcast throughout the Reich. Herr Hitler ended his campaign in Munich, his home town. Observers have noted a difference between the spirit of the run-off cam- paign and the campaign that preceded the indecisive election in March. Presi- dent Von Hindenburg's supporters have seized the offensive, forcing Hitler into the defensive—an alignment exactly re:emng the situation of the previous set-to. One fact in this Von Hindenburg of- fensive was the series of sensational raids on Nazi headquarters in Prussia, followed by the publication by the Ba- varian and Hessian governments of seized documents presented as proof I‘le nt‘he subversive tendencies of the a: Busy Making Denials. In the first campaign Herr Hitler appealed to the voters with promises of what he would do if raised to power; this time he has been busy | making denials of charges that his movement is illegal. For this he established an “anti-lie bureau” which has issued daily answers to his tion's accusations. ee candidates are before the Na- tion—the non-j von Hinden- burg, who would develop the republic along the lines laid down by the con- ciliatory Dr. Gustav Stresemann and the present chancellor; Hitler, who stands for a personal dictatorship and a_nebulous “third reich,” and Ernst Thaelmann, Communist, whose pro- gram would duplicate the proletarian dictatorship of Soviet Russia. Lieut. Col. Theodore Duesterberg, Nationalist, who polled 2,558,939 in the March _election, dropped out, as has Adolf Gustav Winter, Re-Evalua- tionist. Although the Nationalist lead- ers have counseled thelr party to stay ine on getting beuch of e suppat ing on much of e su that ‘was accorded Duesterberg. In this attitude he finds himself en- couraged by the action of two groups which presumably voted for Deuster- berg March 13, the United Patriotic Socleties, headed by the Duke of Saxe- Coburg and Count Ruediger von der Goltz, and the Federal Farmers' Fed- eration, comprising chiefly the large land holders. BRUENING WINDS UP DRIVE. Cheers Drown Out Boos as Chancellor Speaks in Koenigsberg. KOENIGSBERG, Germany, April 9 (#)—Chancellor Heinrich Bruening closed a week of intensive campaigning with a speech in this East Prussian cap= ital tonight which frequently was inter- rupted by noisy boos that eventually ‘were drowned out by cheers. His address in behalf of the candidacy of President Paul von Hindenburg for re-election tomorrow was preceded here a few days ago by a campaign visit of Adolf Hitler, Fascist candidate of the National Socialists. The chancelior, whose speech was broadcast by radio, told his audience the world had been astonished that President von Hindenburg, who was a son and liberator of Germany's East- ern regions, should have an opponent there at all. Chancellor Bruening is scheduled to leave for Geneva, where the World Dis- armament Conference is about to be re- sumed, next Wednesday. TREMOR SHAKES TEXAS Area 25 Miles in Diameter Feels Slight Earth Shocks. CORSICANA. Tex., April 9 (A.— Slight earth tremors shook buildings about 4:15 am. today at Richland, Currie, Wortham, Coolidge, Mexia, Groesbeck, and Teague, Tex. The dis- turbance apparently affected an area 25 miles in diameter and centered somewhere between Wortham and Mexia, where it was most pronounced. A few brick chimneys fell, but no other damage was reported. Daily .. 122,391 Sunday, 128,528 District of Columbia. 5. v Business ING ness D, THE EVENING AND SUNDA Saicmniy swear that the actual Copies of the paper named sold tributed during the month of Mi 1933, was as follows: ml and di arch, A.D. g S EECSemaue win 16 Less adjustments ...... Total net daily circulation. ... Average dally net paid circulaiion Daily aversge number of coples fo service, ete Daily average net circulation SUNDAY. ] 13 ‘Waikiki Beach and an outrigger canoe Kaha- namoku, & member of the family of fa- mous Hawaiian swimmers. ' s el ST Forgery Brings 5-Year Term. WEST POINT, Va.. April 9 (#.—A today sentenced A. L. haw of Richmond to five years in the peni- tentiary on charges, Less adjustments Total Sunday met circulation........ 514,13 Average net paid Sundsy circuiation 127.880 Average number of copies for sery- Average Sunday net circulation FLEMING NEWBOLD. usiness Subscribed and sworn: o befors me thia ot day of April. AD, 1033 (Seal)